By Admin 
Upcoming IPOS: The stock market is going to be buzzed with an initial public offer next week. Four mainboard IPOs and five SME IPOs are going to open for investors in the business, starting on Monday, 26 May. Apart from this, some listings are also going to happen in the primary market. Let’s take a look at this list-
Aegis Vopack Terminals Limited
Aegis Vopack Terminals is bringing an IPO of Rs 2800 crore. Its price range has been kept at Rs 223 to 235 per share. Investors will be able to bid for this by May 28. Retail investors will be able to apply for at least 63 shares, for this they will have to invest about Rs 14,805.
Allotment of shares is likely to be finalized on May 29 and trading will start from June 2. It has received the support of legendary book-Runar like ICICI Securities and BNP Pariba. In the gray market, the shares of Aegis Vopack are trading at a premium of Rs 15. That is, its listing price is expected to be at Rs 250.
Leela Hotels
Schloss Bangalore, a company operating the luxury hotel brand The Leela, is bringing an IPO on 26 May. The size of the IPO is Rs 3500 crore. In this, new shares worth Rs 2,500 crore will be issued, while shares worth Rs 1,000 crore will be sold through offers for sale (offs).
Its price band has been kept at Rs 413 to 435. The issue will be closed on May 28. Retail investors will be able to apply for at least 34 shares, whose sale price is Rs 14,790. Leela Hotels shares are trading at a premium of Rs 20 in the gray market. This is indicating a possible listing of Rs 455, which is 4.6 percent higher than its upper price band.
Prostaram info systems
Power Solutions and Energy Storage Company Prostarm Info Systems is launching its IPO of Rs 168 crore. Among them, there is a fresh issue of 1.60 crore shares. The issue will open on May 27 at a price of 95 to 105 rupees and will close on 29 May. Its listing on both the Indian exchange NSE and BSE will be held on 3 June. Meanwhile, the shares of Prostaram Info Systems are trading on zero GMP. This means that according to the trends of the gray market, the listing can be close to the upper price band of Rs 105.
Skoda Tubes
Skoda Tubes, a stainless steel pipe maker, is also bringing its IPO. This IPO of Rs 220.50 crore is a completely fresh issue. On the price range of Rs 130 to 140, investors will be able to bid from May 28 to May 30, whose listing will be on 4 June.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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